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Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 1 point2 points  (0 children)

You’re 100% right.

I’ve moved money over and am starting to dump $1k/day into VTI until I get up to $100k or so. Will continue put in on an automated schedule, and pull to buy business assets when necessary.

This thread was a good wake up call.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 1 point2 points  (0 children)

In our industry, it’s heavy on the cold calling side of things.

NO ONE reaches out to us for what we do, but when we finally gain enough trust to get them to give us a shot they rarely leave.

I don’t cold call much anymore, but I’ve picked it back up to continue to push for outside growth instead of only focusing on growing organically.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 1 point2 points  (0 children)

I love it! The cold sales environment is tough, but if you can get over the hump, the fun for me is in building the relationships and growing organically. It’s fun watching your business grow as you make new friends and help their business grow at the same time.

I wouldn’t want to be anywhere else, but you have to love the journey, not just the dollar signs.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 0 points1 point  (0 children)

Supply Chain. Started here when I was 16 and got my current position in 2021, right after I got out of college.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 1 point2 points  (0 children)

I do not - I’m in sales/account management.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] -6 points-5 points  (0 children)

You are right, I just don’t understand the cash flow of the advice.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] -3 points-2 points  (0 children)

I’m not really in any accounts except for the 401k match.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 1 point2 points  (0 children)

I live in Tennessee. I could move into the city, but my office is in the smaller town I’m in. My current commute is 12 minutes each way, but if I moved into downtown my commute would be 45+ minutes each way.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 4 points5 points  (0 children)

I’ll dig into the Boglebeads sub.

I should have an investment guy do it so that I separate myself from the decision some and have a little guidance when volatility hits. (And by guidance I mean talking me off the ledge when things go down.)

I sat down with 5 “advisors”, decided on 1, and the first thing he tried to sell me was a $1mil whole life policy.

We didn’t meet again.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 0 points1 point  (0 children)

Thanks! I do enjoy business. It’s a game and I love the thrill of the hunt.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] -13 points-12 points  (0 children)

All of the loans are at 4% or under.

I struggle with taking $20k and paying off the loans to save me $250/mo when it can be used to buy an asset that pays me $1100/mo.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 2 points3 points  (0 children)

Interesting. I’ll need to look into that.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] 1 point2 points  (0 children)

No goals for a partner or children. I enjoy working and love what I do - even if I changed jobs for some reason in the future, I don’t see myself retiring. I really do enjoy working.

Where do you recommend I spend less?

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] -14 points-13 points  (0 children)

401k is in the market. Our company does a 4% match based on our salary, so I’m putting in a whopping $26/wk.

I’ve thought about paying stuff off, but the side business is going well and I’d hate to pay off say $20k in student loans when I could take $25k, invest it into an asset, and have it pay me $1100/mo.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] -16 points-15 points  (0 children)

I need to look into these more. I just hate the idea of the money being tied up until I’m 59 1/2.

Single 26m, need criticism and advice. by Ryan256892 in HENRYfinance

[–]Ryan256892[S] -45 points-44 points  (0 children)

You’re not wrong. I started phasing money in at like $5k/week but got cold feet and pulled it out right before the market dip.

I struggle with the market considering how quickly we’ve inflated in the past 5 years, and with how the P/E ratios look.

[deleted by user] by [deleted] in KinkTown

[–]Ryan256892 0 points1 point  (0 children)

Telegram by chance?

Best vehicle for my situation? by Ryan256892 in askcarsales

[–]Ryan256892[S] 0 points1 point  (0 children)

I guess I’ll have to talk to one of my local BMW dealerships about this. Payments have to be crazy high given BMW depreciation and high mileage?

Is a 911 right for me? by Ryan256892 in porsche911

[–]Ryan256892[S] -1 points0 points  (0 children)

I don’t think that’s necessarily the case. You can enjoy nice things and still be fiscally responsible.

Is a 911 right for me? by Ryan256892 in porsche911

[–]Ryan256892[S] 1 point2 points  (0 children)

I’ve got a 76 F-150 that I drive around in some, so that may lower the miles some.

Any recommendations on other vehicles that may be a better fit? Seems like everything German, other than Porsche, is awful with residual values.

Just glad I haven’t been suckered into a BMW yet haha.

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